Rayonier Advanced Materials declared a second quarter cash dividend of USD 2.00 per share of Mandatory Convertible Preferred Stock of the сompany. The dividend is payable on May 15, 2017 to stockholders of record on May 1, 2017
In 4Q2016 Rayonier Advanced Materials generated net income of USD 11 million, declined USD 2 million compared to net income for the fourth quarter 2015 of USD 13 million.
Earlier Borregaard informed about a decision to go ahead with LignoTech Florida lignin investment project with Rayonier Advanced Materials in Florida, the US.
About Rayonier Advanced Materials:
The company is the leading global supplier of high-purity, cellulose specialties natural polymers for the chemical industry. It engineers natural polymeric chemical chains to create dozens of customized high-purity performance fibers at its plants in Florida and Georgia. The company’s facilities can produce up to 675,000 metric tons of cellulose specialties products annually for use in a wide range of industrial and consumer products such as filters, cosmetics and pharmaceuticals. Upon completion of the previously announced strategic realignment of assets in Jesup, the company’s facilities will have the capacity to produce approximately 485,000 tons of cellulose specialties and approximately 245,000 tons of commodity products.